Bitcoin Back Near $84K After $2B ETF Inflows and Short Squeeze
- —U.S. spot Bitcoin ETFs drew over $2.1 billion in net inflows across the three sessions of Sept 18, 21 and 22
- —Sept 21 inflows reached about $1 billion, led by IBIT at $381.4 million and ARKB at $289.1 million
- —Sept 15–16 saw $450.4 million and $295.9 million in outflows after the CLARITY Act cloture vote failed
- —The Fed raised rates by 25 bps to 3.75–4% on Sept 16 in a unanimous 12–0 vote
Why it matters: The rebound after a rate hike and a legislative setback shows ETF creations and short covering currently outweigh the macro and regulatory backdrop.
Source: The Crypto Times